No Fiduciary Duties. (a) Nothing in any Finance Document constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction Obligor. (b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.
Appears in 12 contracts
Sources: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
No Fiduciary Duties. (a) Nothing in any Finance Document constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction ObligorObligor or any other person.
(b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.
Appears in 7 contracts
Sources: Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp)
No Fiduciary Duties. (a) Nothing in any Finance Document constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction Obligor.
(b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.
Appears in 4 contracts
Sources: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.), Facility Agreement (Scorpio Tankers Inc.)
No Fiduciary Duties. (a) Nothing in any Finance Loan Document constitutes the Security Agent Trustee as an agent, trustee or fiduciary of any Transaction ObligorObligor or any other person.
(b) The Security Agent Trustee shall not be bound to account to any other Secured Finance Party for any sum or the profit element of any sum received by it for its own account.
Appears in 2 contracts
Sources: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)
No Fiduciary Duties. (a) Nothing in any Finance Document constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction ObligorObligor or Approved Manager.
(b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.
Appears in 2 contracts
Sources: Facility Agreement (Euroseas Ltd.), Facility Agreement (Euroseas Ltd.)
No Fiduciary Duties. (a) Nothing in any the Finance Document Documents constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction Obligorother person.
(b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.
Appears in 1 contract
No Fiduciary Duties. (a) Nothing in any Finance Document constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction Obligor.
(b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.. 107
Appears in 1 contract
Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)
No Fiduciary Duties. (a) Nothing in any Finance Document constitutes the Security Agent as an agent, trustee or fiduciary of any Transaction Obligor.
(b) The Security Agent shall not be bound to account to any other Secured Party for any sum or the profit element of any sum received by it for its own account.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Castor Maritime Inc.)